Killearn Estates Enjoys A Merry Christmas

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
https://activerain.com/droplet/NrV

A good year of renewed home sales in Killearn Estates is coming to an end.

While values are still declining, the real estate graph on the right shows that more homes sold in Killearn Estates than we have seen since 2007, and the percentage of homes that sold under distressed situations declined.

Depreciation In Killearn Estates

Currently, there are 43 homes for sale in Killearn Estates in the Tallahassee MLS, and buyers have been drawn here due to the great values available.

Home values in Killearn Estates depreciated another 3% in 2012, which is the slowest rate of decline since 2006.

Killearn Estates Home Sales

It is likely that we will see home values decline a little more in 2013, though a flattening or slight rise could occur in banks slow the rate of distressed properties for sale coming onto the market.

We know there are plenty more to clear from the shadow inventory, only the pace at which they flow into the market will determine how fast the real estate recovery occurs.

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Rainmaker
592,740
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

Glad to see the depreciation seems to be slowing down. Maybe next year it will trend upward.

Dec 24, 2012 09:20 PM #1
Rainmaker
776,375
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Flosida has been hard hit. Markets correct themseoves and I'm certain next year should be a better year. Have a Merry Christmas 

Dec 24, 2012 10:47 PM #2
Rainmaker
1,553,927
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Hopefully that bump that nice bump up is a good sign for 2013.  We're seeing a decline in distressed properties locally.  That's good.  Jan 2012 saw 43% of listed properties as distressed properties.  At the beginning of December that was down to 15%.  Shew!  Have a great Christmas, Joe. 

Dec 25, 2012 12:38 AM #3
Ambassador
779,627
Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

My guess is 2013 will be on heck of a ride!

Dec 25, 2012 01:48 AM #4
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A lot of areas are hoping for for a jump up in activity and prices next year. Merry Christmas

Dec 25, 2012 02:34 AM #5
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Rainmaker
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Joe Manausa

Tallahassee Real Estate
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